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Jul 25, 2011
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jon karl on capitol hill. bianna golodryga from the new york stock exchange. looking at the asian and european markets overnight, there seems to be concern but not panic yet, bianna. >> reporter: that's right. wall street seems to be patient with washington. markets opening blower. just about 130 points lower. not the knee jerk reaction that people were fearful of. things are still at an impasse. even though the markets aren't selling off, people are concerned about what's still on the table a credit downgrade. the s&p says the u.s. could lose its aaa ratings in the next three months. that would mean that interest rates go higher. it would be more difficult for people to get a loan out there. and it could be a big burden for this economy, as we're just starting to recover. george? >> jon, they had been hoping on capitol hill to come up with some sort of deal before the markets opened today. that has not happened. it seems, the only thing that everyone seems to be accepting that any deal won't include any new tax increases. >> that's the big deal. but the two s
jon karl on capitol hill. bianna golodryga from the new york stock exchange. looking at the asian and european markets overnight, there seems to be concern but not panic yet, bianna. >> reporter: that's right. wall street seems to be patient with washington. markets opening blower. just about 130 points lower. not the knee jerk reaction that people were fearful of. things are still at an impasse. even though the markets aren't selling off, people are concerned about what's still on the...
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Jul 29, 2011
07/11
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so, jon, what is next here? >> reporter: josh, speaker boehner has just finished speaked the a group of 240 house republicans in a private meeting. and i'm told he went and made an impassioned appeal, onene last appeal, to get in line and support his plan to raise the debt ceiling. i'm told that he said, quote, i am a happy warrior. i love everyone here. but he said he's got to have their support for this because if they don't support this, the options that come later will be far worse. he still has to convince some of those republicans who don't want any debt ceiling, however, to go along with this. meanwhile, in the senate, democrats say it is absolutely dead. so, we are not at the end game here yet. what happens next is really anybody's guess. josh? >> all eyes and many angry voters turning their attention, now, to the capitol. the deadline, again, tuesday. jon karl, with the very latest from washington. >>> meanwhile, the standoff there comes as we get more discouraging news about the economy. figures out th
so, jon, what is next here? >> reporter: josh, speaker boehner has just finished speaked the a group of 240 house republicans in a private meeting. and i'm told he went and made an impassioned appeal, onene last appeal, to get in line and support his plan to raise the debt ceiling. i'm told that he said, quote, i am a happy warrior. i love everyone here. but he said he's got to have their support for this because if they don't support this, the options that come later will be far worse....
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Jul 26, 2011
07/11
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let's bring in jon. the speaker said no blank check for the president, but it's not clear that he has the votes to get his plan through the house. what's the latest on that and what's the fallback plan if he doesn't? >> reporter: they don't know if they have the votes yet. this is a tough vote for boehner because a lot of tea party conservatives already think they've sacrificed too much. republican leaders are confident they have the votes and say the president's speech helps them because they can go to conservatives and say, you see the president doesn't like it, it must be a good thing. as for plan b, george, i don't get the sense they have one right now >> that's the same sense i get from the white house. the president calling for compromise last night, but what he's really hoping is republicans cave on this short-term debt ceiling and get him something through the election. >> reporter: white house officials are hoping the senate republican leader, mitch mcconnell, will be able to convince house spea
let's bring in jon. the speaker said no blank check for the president, but it's not clear that he has the votes to get his plan through the house. what's the latest on that and what's the fallback plan if he doesn't? >> reporter: they don't know if they have the votes yet. this is a tough vote for boehner because a lot of tea party conservatives already think they've sacrificed too much. republican leaders are confident they have the votes and say the president's speech helps them because...
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Jul 13, 2011
07/11
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jake tapper, jon karl on capitol hill. jon, given the deadlock, the senate republican leader mitch mcconnell says he doesn't think a deal can be reached, so he's come up with a last-ditch fallback which puts the burden on the president. >> reporter: last choice option, only if the talks completely collapse. it's complicated but the bottom line is, it would give the president the auththity on his own to gradually raise that debt ceiling by $2.5 trillion between now and the election. the political burden is all the president's. he can do it without spending cuts and even in the face of opposition from the majority in congress. but i've got to tell you, george i talked to a lot of republicans in the house, rank and file, who say it's not acceptable. they want real spending cut, a lot of them and nothing else. >> there's no guarantee of spending cuts even though it would avoid tax increases. let me bring in jake tapper for the response on that. any openness in the white house to that and where do they think the talks are right
jake tapper, jon karl on capitol hill. jon, given the deadlock, the senate republican leader mitch mcconnell says he doesn't think a deal can be reached, so he's come up with a last-ditch fallback which puts the burden on the president. >> reporter: last choice option, only if the talks completely collapse. it's complicated but the bottom line is, it would give the president the auththity on his own to gradually raise that debt ceiling by $2.5 trillion between now and the election. the...
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Jul 28, 2011
07/11
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abc's jon karl is covering it from capitol hill. jon, we are seeing fire from the house speaker. >> reporter: we sure are. this vote today on his debt ceiling plan is the highest-stakes vote of his term as speaker of the house. and he is doing everything he can to get those tea partyers in line. john boehner is now demanding republicans stand with their party. in a closed-door meeting, he had a stern message for tea partiers who just don't like his debt ceiling plan. boehner told them get your ass in line, sources at the meeting tell abc news. this comes a day after another republican leader attempted to rally the troops with a clip from the movie "the town." >> i need your help. i can't tell you what it is. you can never ask me about it later. and we're going to hurt some people. >> which car are we going to take? >> reporter: allen west liked what he heard. >> i told him i would drive the car. >> they could have used "rudy," "hoosiers," "band of brothers." but this was the choice that they made. >> t ts is a movie. this is not rea
abc's jon karl is covering it from capitol hill. jon, we are seeing fire from the house speaker. >> reporter: we sure are. this vote today on his debt ceiling plan is the highest-stakes vote of his term as speaker of the house. and he is doing everything he can to get those tea partyers in line. john boehner is now demanding republicans stand with their party. in a closed-door meeting, he had a stern message for tea partiers who just don't like his debt ceiling plan. boehner told them get...
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Jul 27, 2011
07/11
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good morning, jon. >> reporter: good morning, robin. we are reaching crisis time here on capitol hill. the republicans delayed a vote on their bill in the house because they don't even have enough republican votes to pass their own bill. democrats don't have the votes to pass their bill, either. the only thing certain up here right now is that everything is in doubt. >> we appreciate you calling. >> reporter: the calls are pouring in. plenty of outrage. but like congress itself, the callers seem hopelessly divided. >> i would really like for him to hold the line against any deal in congress. >> i am calling to ask that you cooperatatwith the president's efforts. >> reporter: the whole place seems to have broken down. republicans can't even convince some of their own members to vote for the republican plan. in a closed door meeting, republican leader eric cantor told fellow conservatives to, quote, stop whining and support the bill. acknowledging, quote, the debt limit vote sucks. across the country, that's the view of washington itself.
good morning, jon. >> reporter: good morning, robin. we are reaching crisis time here on capitol hill. the republicans delayed a vote on their bill in the house because they don't even have enough republican votes to pass their own bill. democrats don't have the votes to pass their bill, either. the only thing certain up here right now is that everything is in doubt. >> we appreciate you calling. >> reporter: the calls are pouring in. plenty of outrage. but like congress...